South Korean won slips following Kim Jong-il’s death

korea-won

As news broke of the death of Kim Jong-il, North Korea's controversial leader, eyes turned to the South Korean financial markets, which responded negatively.

The South Korean won fell to a two-month low against the dollar and sterling as a result of the geopolitical uncertainty that Kim Jong-il's death brings. The won tracks the performance of local equities, and the benchmark KOSPI stock index is down by 3.43% today.

The world will now watch closely as Kim Jong-un takes over leadership of the

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